TTS Group ASA (OSE:TTS) has announced plenty of smaller orders as of late. Today the company announced two contracts to Marine division company TTS Marine GmbH in Bremen, Germany with a US shipyard for two specialized vessels for an American owner and for two floating storage units for an Asian owner. The total value of the deal is approximately 33 million NOK.
TTS Group’s Energy Division also won a deal. It was struck with SWS, Shanghai Waigaoqiao Shipyard for two Drilling Equipment Packages to be installed in new F&G JU2000E Jack-Up Rigs. This deal has over 90 million USD value. TTS Energy has options for three additional drilling rigs with the yard. This is the second deal for such equipment for TTS in China, following an earlier deal with DSIC Offshore in Dalian. TTS stock gained in excess of 7.5% for today’s session.
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